A great option for today’s homebuyers
This could be the affordable loan you’ve been looking for. HomeReady™ by Fannie Mae offers expanded eligibility for creditworthy borrowers whose financial challenges may have made buying a home seem like an impossibility in the past.
Features and benefits
- Low down payment options available
- Income from a household member (extended family) may help a borrower qualify
- Gifts, grants, and Community Seconds® can be used as a source of funds for down payment and closing costs (1-unit properties only)
- Non-occupying co-borrowers may be able to assist with the home purchase
- Additional sources of income could help qualify a borrower, e.g., rental payments from a basement apartment¹
These materials are not from HUD or FHA and were not approved by HUD or a government agency.